929 N K Street, Lake Worth Beach, FL 33460

$589,500
2,682
SqFt
List Price
$589,500
MLS#
RX-10753200
Sq. Ft
2,682
Subtype
Quad Plex
County
Palm Beach
Community
Lake Worth Beach
Subdivision
Lake Worth Beach
Year Built
1955

Property Description

This 5 Unit Income Property in Trendy Lake Worth Beach, great potential! Rents are WAY below market value! Currently run at a 6% CAP rate but super easy to convert to a 10% ROI. Detached Garage could house coin operated laundry facilities and increase income! One apt is very large with 2 bedrooms and 2 bathrooms, central air. Owner may choose to occupy and rent other 4 units. It is app 1 mile to 1-95, 10 blocks from downtown Lake Worth Beach, a few blocks from Lake Worth golf course and the Beach. Nice area with side walks & street lights. Also 2 blocks from Dixie Highway with bus routes for tenants etc.

Additional Information

Building No
No
Hoa
Yes
Status Label
ACTIVE UNDER CONTRACT
Total Unitsin Bldg
5
Construction
CBS, Frame, Stucco
Cooling
Ceiling Fan, Central, Wall-Win A/C
Exterior Feature
Open Patio
Flooring
Ceramic Tile, Laminate, Wood Floor
Heating
Central
Lot Description
< 1/4 Acre, Corner Lot, East of US-1
Roof
Comp Shingle
Taxes
$7,884
Waterfront
None
Total Unitsin Bldg
5
Roofing
Comp Shingle
Utility
Electric, Public Sewer, Public Water
Price Per Acre
9574052.4
Price Per Sqft
$219

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Higher Standards Real Estate.


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